IMF Sees Somalialnds Economic Growth Accelerating to 3.5% in 2019

[bashe19]

IMF Sees Somalia's Economic Growth Accelerating to 3.5% in 2019

Wednesday February 27, 2019
By Eric Ombok


The International Monetary Fund projects Somalia’s economy will expand by 3.5 percent this year and next year, compared with a forecast of 3.1 percent in 2018, as the Horn of Africa nation implements an economic program monitored by the lender.

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“Somalia’s economy is recovering but further efforts are needed to secure economic resilience and reduce poverty,” the Washington-based lender said Wednesday in an emailed statement. “Since 2017, growth has rebounded, inflation has slowed and the trade deficit has narrowed.”
Data through November 2018 shows that domestic revenue reached $161 million, or 31 percent higher than the same period in 2017, and the overall cash fiscal position was in surplus by $8 million, according to the IMF. Earlier this month the IMF completed its first review of an ongoing economic program with Somalia, according to the statement.

[Typhoon]

they wrong, somalia economy will grow between 7 and 10%
inflation will be reduced am not sure how much but its huge but the influx of foreign imports and foreign dollar based aid will lower the growt , so its about 7 and 10%

[bashe19]

they wrong, somalia economy will grow between 7 and 10%
inflation will be reduced am not sure how much but its huge but the influx of foreign imports and foreign dollar based aid will lower the growt , so its about 7 and 10%

If Saudi Arebia allow and open its market, to Somali livestock export, then you my be right bro.

[X.Playa]

IMF lauding the economy of any third country is like a wolf praising a fat Ram, it's a signal for its consumption.